News
UK Retail: the future is not looking very bright
Textile, Clothing and Footwear (TCF) sales have held their own in the final quarter of the year, showing resilience to the drag from overall retail sales. However, the sticky above-target inflation in the UK over the past year is a cause for concern as wages fail to keep pace. In addition, the higher costs for retailers predicted in the last Budget may leave them with little choice but to raise prices and cut jobs. As much as imports have shown some stability, the future for the retail sector is not looking very bright at the moment
Barefoot European Shoe Fair to be launched this year
The first edition of the Barefoot European Shoe Fair will take place from the 31st of July to the 3rd of August, in the halls of Messe Offenbach, in cooperation with HDS/L. 60 exhibitors are expected to attend
Sustainability takes root in the Portuguese tanning industry
The BioShoes4All project is bringing a new generation of products to life and bearing fruit in the Portuguese tanning industry. The results achieved so far have been recently presented at a demonstration event
Görtz declares new insolvency
The long-troubled German footwear retailer has filed for insolvency once again, after its previous insolvency proceedings ended in July 2023
Schuh to cut jobs as part of a restructuring effort
Amid challenging economic conditions, the UK-based footwear retailer has started a voluntary redundancy process. The number of employees affected is not yet known
Positive perspectives about the health of footwear business continue
More than 65% of the respondents of the last edition of the World Footwear Business Conditions Survey seem confident regarding the health of their businesses. The 11th edition of the World Footwear Business Conditions Survey results are now available
Expo Riva Schuh & Gardabags unveils new vision for 2025
The revamped Gardabags format, set to start in June 2025, focuses on aligning with buyer needs through distinct categories for sourcing, private-label collaborations and branded product showcases
Leather footwear drives positive performance of Bangladesh’s leather industry
Between July and December 2024, Bangladeshi leather footwear exports were up by 30% year-on-year, countering the negative performance of leather goods and finished leather exports
adidas closes 2024 with strong figures
The German-based company has reported strong preliminary figures for the fourth quarter and full year 2024. Shortly afterwards, news of job cuts as part of a restructuring of its headquarters began to appear in the media
Challenging second half weighs on Shoe Zone’s full year performance
The UK footwear retailer has reported a solid fiscal year 2024, although a challenging second half weighed on the bottom line due to disappointing store sales. Digital channel continues to grow
Eduardo Calabuig named new General Manager of Inescop
The Footwear Technology Centre Inescop, based in Spain, has confirmed the appointment of Eduardo Calabuig as its new General Manager. He brings over 18 years of experience in the technology sector to the role
Zalando raises profitability guidance after better-than-expected fourth quarter
The Germany-based online multi-brand retailer has raised its profitability forecast for the fiscal year 2024, following a better-than-expected fourth quarter, driven by strong customer growth
Soles4Souls calls for donations to help LA fires relief efforts
The Nashville-based nonprofit is raising 25,000 USD to ensure new shoes, clothing and accessories reach families devastated by the Los Angeles wildfires
Strong third quarter for Richemont
The Swiss-based luxury group has reported a strong third quarter, underpinned by double-digit growth in all regions except Asia, where Mainland China remains the weak spot
361 Degrees reports e-commerce sales up by 30-35% in the fourth quarter
The China-based activewear company has reported strong fourth quarter figures in its latest trading update. E-commerce sales stand out with 30-35% year-on-year growth
Sanjo teams up once again with Wolf & Rita
The footwear brand has once again teamed up with the fashion brand Wolf & Rita, renowned for its distinctive and artistic approach to clothing, to show its pride in Portuguese heritage
Employment in the footwear sector expected to stabilize
In the latest edition of the World Footwear Business Conditions Survey, two-thirds of our panel members responded that they believe the level of employment will stabilise in the next few months. Get free access to the report with the main conclusions
Expo Riva closes with positive figures despite difficult market conditions
In line with January 2024 and amid difficult market conditions, the Italian trade fair specialising in footwear, bags and accessories closed its last edition with 9 000 visitors from around 100 countries
More than 7 000 visitors expected at the next edition of Inspiramais
The next edition of Brazil’s leading event for the launch of materials for the footwear, clothing, upholstery, furniture and jewellery industries returns to Porto Alegre on the 21st and 22nd of January
Germany Retail: cautious optimist prevails as the year begins
There are no fireworks in the German retail sector. Overall sales are stable, with e-commerce standing out, inflation is on target, and consumer confidence, which remains negative, has risen slightly. However, retailers have experienced a rollercoaster of emotions throughout 2024, and the only certainty at the start of the year is cautious optimism. Political turmoil, economic difficulties and geopolitical conflicts could just as easily lead to a turbulent year for retail
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